Why is Ethics Politics and Diversity important to todays org

Why is Ethics, Politics, and Diversity important to today’s organizations. Explain.

Please write 3-4 paragraphs.

Solution

Ethics are a basket of moral standards that are preferred to reach pre-defined goals and make strategic decisions. In an organization, ethics & etiquettes are a vital aspect in decision making. The successful implantation and execution of high ethical standards provide benefits to both the internal and external stakeholders of an organization. Business ethics are crucial for managing a sustainable business model because of the adverse consequences that can result from wrong decisions with low ethical standards. High business ethics can be helpful in following terms:

Politics incorporates impacting behaviors that are viewed to secure and develop for the benefits of individuals or groups. The politics within a company is a basic & true reality of life. The political presence within an organization should be identified & defined to manage this real life phenomenon in a lucrative way. Adding to this, gaining power and attempting to impact colleagues using the gained power in one of the various ways create organization’s politics. In simple terms, organizational politics can be defined as converting the results of a certain situation to someone’s benefit, such as impacting decision-making processes, can prevent or promote individual benefits.

In the simplest terms, the diversity can be defined as recognizing, understanding and accepting individuals irrespective of their religion, gender, age, race, class, physical ability, and race. The company\'s success and competitiveness depends upon the ability to include diversity and realize its benefits. The successful implantation of diversity is lucrative in myriad ways and those are: